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FORMICA rug check: grade C

The Formicarium on Solana, graded C from on-chain evidence on 24 October 2026: 1 warning sign.

C

1 warning sign found. Read the evidence before you do anything.

We found one warning sign worth knowing about. Read it first.

Market value$10.4k
LiquidityStill on launchpad
Last 5 min-
Last hour-
Buys vs sells, 5 min-
24h volume$120k

Loading live numbers.

Buys vs sells are counts of trades, not dollars: a few large sells can outweigh hundreds of small buys.

Why this grade

16 linked insider walletsWallets that got their money from the same place, so they're probably one person or team pretending to be lots of people. They can all sell at the same time.

Holders and token settings

Holders511
Top wallet3.6%
Top 10 wallets21.8%
Dev still holds0.0%
Matching bags2
Linked insiders16
LiquidityLocked or on launchpad
Mint authoritySwitched off
Freeze authoritySwitched off

Checked 24 October 2026. Pools, lockers and market accounts excluded.

What happened since

When we first saw FORMICA its price was $0.0₅8947. The latest price we recorded is $0.0₄1044 (+17% since first seen), 52% below the highest price we recorded. Since we flagged it, the price has moved -16%.

Creator wallet

8P6MhFajtwcm6MWkeMEGfWharZTPDxBYRzk9XwGzHVbeSolscan

This is the only coin we've seen from its creator wallet. On-chain history, not a judgement of whoever controls the wallet.

Contract address

V64uWZCfAfWPzrXqN4CHF2Jy1VFVTTfPLhJmq3Cpump
This coin can still rug. Our checks see wallets, supply and liquidity. They cannot see a dev or early buyers selling slowly, unlinked wallets dumping together, or hype ending. Read why